Why You Need to Know These Five Things Before Buying a Home in St. Kitts Caribbean Buying and Investing Passport Immigration Citizenship
This article explains in the shortest possible way the five things you need to know before buying a home in St. Kitts, and for the otherBCBIP Passport Program(math.) genusCitizenship by Investment in Dominicaproject, what there is to know.
1. St. Kitts has a lot of negative events
Negative international news
- Malaysian financial scammer Liu Tezo, involved in a corruption fugitive case.
- Money-laundering case of Pilatus Bank, whose president used two St. Kitts passports to evade sanctions(2019)
- St. Kitts developer in another scandal(November 2018)
- A group of tourists carrying 105 white passports were detained while transiting the Caribbean(November 9, 2019)
- Former St. Kitts PM Denzil Douglas detained by UK at Gatwick Airport for carrying £70,000 cash(November 2019)
- National outrage as former St. Kitts PM holds Dominica's diplomatic passport, pledges allegiance to it(March 2020)
Corruption of real estate developers
The government of St. Kitts has not made public the number of passports issued under the Citizenship by Investment Program or the nationalities of those who have received them, The 2018 St. Kitts and Nevis Report, issued by the U.S. Secretary of State , In bringing fraud allegations for the first time to the St. Kitts' regulator, St. Kitts and Nevis' Foreign Minister and Prime Minister of Nevis, Mark Brantley, confirmed in January 2019 at a conference in Dubai that the local police have launched a full investigation into the use of fraudulent documents. Citizenship by Investment Program (St. Kitts Passport) applicants have shifted from the Sustainable Growth Fund to real estate development projects, theThese projects will virtually never be completed, benefiting unethical marketing agents and local developersThe
2. St. Kitts corrupt officials are used to it
March 12, 2020: a day in St. Kitts' history not to be forgotten
Eastern Caribbean Supreme Courtruled that Denzil Douglas, the former Prime Minister of St. Kitts and Nevis and current leader of the Labor Party, must immediately vacate his seat in the country's National Assembly for holding aDominican RepublicDiplomatic passports andDominican Republicof allegiance. In a judgment rendered on March 12, 2020, the Court declared that "Denzil Douglas, as an individual, by virtue of his expression of allegiance to theDominican Republicallegiance, obedience, compliance, contrary to section 28(1)(a) of the Constitution, his seat in the National Assembly must be vacated in accordance with section 31(3)(c) of the Constitution."
The new PM is in the middle of a $700 million lawsuit
Denzil Douglas made St. Kitts a complete makeover, leading the St. Kitts passport program for more than a decade of golden years, transforming an island of gangsters, reprehensible goods, money laundering, and allowing developers to make a lot of money, but after the prime minister's defeat in 2015, first real estate developers were out of control one after the other, unable to deliver the houses; then in 2018 the new Prime Minister Timothy Harris relaxed the original requirement of $400,000 to buy a house, now only $200,000 to buy a house. In 2018, new Prime Minister Timothy Harris liberalized the $400,000 fee to buy a home, which is now $200,000 (andDominican Republicsame), but in 2019 a new source revealed that theCurrent Prime Minister Timothy Harris is embroiled in a $100 million dollar legal suit (R700 million)(math.) genus
Harris is known for his scandals, "Since taking office, he has been disgraced by the PetroCaribe scandal, the stem cell scandal, the passport sale scandal, the Peter Virdee bribe that disgraced St. Kitts, and most embarrassing of all, the herpes scandal."
3. Illusion: St. Kitts and Taiwan establish diplomatic relations
Avoid CRS and immigrate to Taiwan
Unpublished information suggests that some Chinese are considering the St. Kitts passport because of its diplomatic ties and the Belt and Road influence, plus the fact that agencies are using it as a promotional excuse, when in fact it may be a proven trap.
To address CRS, tax, and financial account exchanges check out these articles:
Visa-free exit/entry to Taiwan
Birthplace in China, unable to use visa waiver (St. Kitts Passport) or online visa (Dominican Republic) advantage of entering Taiwan. If one wishes toImmigration to TaiwanIn the past, the Chinese government has been treating the people of China as if they were Chinese nationals.
4. Real estate in St. Kitts has no market value
Difficult to sell = no market value
St. Kitts real estate project investment from $400,000 down to 1/2 the price, in fact, not cheaper, but the concept of shared consumption, two groups of applicants at the same time to contribute $200,000 to achieve the effect of buying $400,000 (a unit), itself, $400,000 (a unit) is already the equity of the project, you and the other person to joint venture, the future if you want to sell, the need for both sides agree to the The premise, and then sold to the other two people, each person is willing to do not know each other under the premise of 1/2 together, and then wait five years to find the next pair of investors...
St. Kitts real estate: dark money, helping realtors out, corruption
March 12, 2020Eastern Caribbean Supreme CourtThe Court of Appeal has ruled that former Prime Minister Denzil Douglas must immediately vacate his seat in the country's National Assembly, and that as the leader of the nearly two-decade push for St. Kitts passport immigration, once revered by more or less supporters around the world, theBeing the Prime Minister of a passport program country holding a diplomatic passport from another country has never happened.The most disappointed are the supporters who chose St. Kitts because of him, as well as the real estate agents who are now aggressively offering financing for their purchases and are now just hoping to get out of their pockets and recoup their money quickly.
5. Comparison of St. Kitts and Dominica
Dominica first, St. Kitts second
Now the only remaining legal passport immigrants, St. Kitts andDominican Republicthe oldest first and second place finishers, respectively.Reference article: CBI INDEXThe
Passport immigration trends
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We are a legally authorized agency in the Caribbean and an authorized agency for Dominica, Grenada, St. Kitts Immigration; we also offer to process Greek, Maltese, and Cypriot investment immigration, and we can process it for you in one step!tax identification number,asset management,CRSPlanning. Point selection:Understanding the ProcessThe
reference article
- CBI Index: Passport Program Global Ranking
- St. Kitts Dominica Turkey A Complete Comparison of the Three Strongest One-Step Arrivals
- St. Kitts Dominica Turkey Three strongest one-step complete comparison (II)
- St. Kitts Dominica Turkey The Three Strongest One-Step Complete Comparison (III)
- Analysis of the latest passport immigration program
- Low budget, not a lot of money, where you can immigrate to
- Forbes: Give Up Your U.S. Passport For A Dominican Passport, Really?
reference link
- Malaysian financial scammer Liu Tezo, involved in a corruption fugitive case.
- Money-laundering case of Pilatus Bank, whose president used two St. Kitts passports to evade sanctions(2019)
- St. Kitts developer in another scandal(November 2018)
- A group of tourists carrying 105 white passports were detained while transiting the Caribbean(November 9, 2019)
- Former St. Kitts PM Denzil Douglas detained by UK at Gatwick Airport for carrying £70,000 cash(November 2019)
- National outrage as former St. Kitts PM holds Dominica's diplomatic passport, pledges allegiance to it(March 2020)
Extended Reading
comparisons
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